This article is only relevant to you if you are a member of the tenancy deposit scheme operated by the Dispute Service Ltd.
Essentially the changes to the scheme rules and tenancy requirements apply from 1 October 2010 when the threshold increases to £100,000 for when a tenancy is an assured shorthold tenancy. As has been previously discussed, any tenancies currently excluded from being an assured shorthold tenancy because their rent is in excess of £25k will become an AST on this date if the rent is below the new threshold.
The changes affect all those tenancies that become an AST (England only) from this date and there are also significant changes for non assured shorthold tenancies after 1 October 2010 (for example if they are a company let, resident landlord etc.)
The members terms of business must be amended in all cases but this article concentrates on the requirements relating to tenancies.
Each scenario is summarised below:
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